Corporations like Amazon are getting away with paying little to no taxes. Amazon, FedEx, and Netflix paid $0 in taxes last year. While these corporations are skating by taxes, billionaires are also dodging them. An estimated $21,000,000,000,000 is floating around offshore bank accounts avoiding taxation. When we spend our money, we expect it to be taxed and come back into our communities, but it is instead going to offshore banks to build interest rather than building our economy.
We need to close the loopholes that allow the rich to avoid paying their fair share. Why do we punish people for working? Why do we tax the working class so high while giant corporations and billionaires get away with paying little to nothing? The answer is simple: billionaires lobby money into legislators’ pockets in exchange for favorable legislation. What we need to do is enforce taxes on those avoiding them, then lower taxes for the working class.
The tax cuts and jobs act that our "representatives" voted to pass cost Americans $93,000,000,000 more in income taxes in 2018, while corporations paid $90,000,000,000 less. This is not what a representative should have done. This is what happens when legislators are on the payrolls of the corporations.